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 Fixed Deposit Rates in Malaysia V2, Read 1st post to find highest rate.

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SUSPink Spider
post May 20 2012, 05:45 PM

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QUOTE(GloryKnight @ May 20 2012, 05:31 PM)
Hi bro, been following the FD thread. Does this mean that AmBank's latest promo is better than AffinBank's one of 3.6% right now? even without the credit card, you still get 3.9% > 3.6% of Affin's.
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The only T&C u need to comply is to open a Savings/Current Account with AmBank, because the FD interest has to be credited into an AmBank account. 3.9%. I'm going to deposit soon. Tunggu gaji masuk dulu rclxms.gif
SUSPink Spider
post May 22 2012, 03:22 PM

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QUOTE(alvinfks78 @ May 22 2012, 02:24 PM)
Anyone know if Am Bank is the ATM card compulsory? I will probably not want to maintain the Savings account at all after the FD promo.

Opening Savings account must pay some charges right?
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RM8 annually for unlimited ATM withdrawals and over-the-counter transactions
Free if u wanna be limited to 6 (if I'm not mistaken) ATM withdrawals per month

U can always opt for option 2 icon_idea.gif
SUSPink Spider
post May 24 2012, 03:08 PM

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QUOTE(Human Nature @ May 24 2012, 01:04 PM)
Refering to the AmBank promo, stated:
For RM50,000 deposit, the 0.10% p.a. difference gives RM50 extra. Considering that need to spend RM350 or RM500 using the CC just to get this RM50 extra, looks like not worth it to go for the extra 0.10% right?
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aiyo...u need to pump petrol every week right? Phone bill...TNB bill...all those can easily settle the spending requirement icon_idea.gif
SUSPink Spider
post May 26 2012, 10:07 AM

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Guys, AmBank Top Rate FD promo no more effective today cry.gif

user posted image

This post has been edited by Pink Spider: May 26 2012, 10:08 AM
SUSPink Spider
post May 26 2012, 10:48 AM

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QUOTE(Human Nature @ May 26 2012, 10:41 AM)
huh, wth? so not professional.
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must be too hot demand...exceeded quota sad.gif
SUSPink Spider
post May 26 2012, 10:53 AM

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QUOTE(soul2soul @ May 26 2012, 10:51 AM)
ayoh, I baru want to put next weekend....
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bro, AmBank weekend banking closed on 1st Sunday of the month laugh.gif
SUSPink Spider
post May 26 2012, 05:23 PM

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QUOTE(debbieyss @ May 26 2012, 12:57 PM)
But then again, if the interest of FD is high, meaning market is getting worse.
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Yeah, even AmInvestment Bank's award-winning UT fund AmDynamic Bond is underperforming lately...
SUSPink Spider
post May 26 2012, 08:04 PM

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QUOTE(debbieyss @ May 26 2012, 07:08 PM)
Are you sure? Bond fund should be doing good during market recession.
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Not really...for past 3 months, FD/Money Market Funds outperformed most bond funds
SUSPink Spider
post May 26 2012, 09:17 PM

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QUOTE(David83 @ May 26 2012, 09:10 PM)
But OSK-UOB Cash Management fund interest is dropping for the past few days. Now is below 3%.
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It means if u are buying into it NOW, u should be expecting yield of 2.9XX%...

BUT if u are like me, have been invested in it for some time...past 3 months NAV gain have been drool.gif

If u know some basics of fixed income securities pricing VS yield relationship u would know what I meant icon_idea.gif
SUSPink Spider
post May 27 2012, 08:51 AM

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QUOTE(David83 @ May 27 2012, 08:29 AM)
I still rather confusing between bond pricing vs bond yield. Any link to comprehend the foundation knowledge?
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Try Investopedia? hmm.gif

To put it simply...

Bond ABC 3% 2014 issued for RM100M
Holders of the bond will get RM3M interest p.a. = 3% yield
But when MARKET PRICE of the bond rises to RM150M (not so drastic rise in real life, just for discussion here tongue.gif )...

Holders of the bond still enjoys RM3M interest p.a. if they hold until maturity
Holders of the bond will get +50% capital gain if they are to sell off in the secondary market
If u were to buy the bond now, u will pay RM150M...

What is the current yield? unsure.gif

Interest income / Cost of security = Yield
RM3M / RM150M = 2% icon_idea.gif

As in the case of OSK-UOB CMF, if the underlying portfolio did not change (much), drop in yield can only mean 1 thing...NAV has risen recently. thumbup.gif

This post has been edited by Pink Spider: May 27 2012, 08:53 AM
SUSPink Spider
post May 27 2012, 05:23 PM

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QUOTE(gsc @ May 27 2012, 03:18 PM)
OCBC staff suggesting buying AmDynamic Bond coz the return has been better than 4% (at least)...
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In the long run, yes I agree. Just wanna point out that for the past 3 months, some money market funds have outperformed most if not all bond funds.
SUSPink Spider
post May 28 2012, 10:37 AM

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QUOTE(gchowyh @ May 28 2012, 10:36 AM)
Just gotten back from AmBank, they said is directive from HQ that they reached the quota & overwhelming response.. so couldn't appeal.
Darn! already prepared the money!
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Nvm lar...AmBank's 3.2% p.a. for 12-M FD also not bad nod.gif
SUSPink Spider
post May 28 2012, 11:18 AM

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QUOTE(magika @ May 28 2012, 10:47 AM)
Pinky, are you sure 3.2% not bad, look around...
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Affin Bank 12-M 3.6% but when I pass by their branch and look at their website, all my appetite gone. doh.gif laugh.gif

HLB also got promo for 12-M but with T&C, have to place and earmark 10% of placement amount in savings/current account. So it's effectively around 3.2%++. shakehead.gif

Added on May 28, 2012, 11:18 am
QUOTE(gchowyh @ May 28 2012, 10:47 AM)
There still are other promo's from AmBank:
6 months 3.45%
9 months 3.5%

But the flyer I got is specific to SS2 branch
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Branch-specific promo? blink.gif hmm.gif

This post has been edited by Pink Spider: May 28 2012, 11:18 AM
SUSPink Spider
post May 28 2012, 12:04 PM

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QUOTE(debbieyss @ May 28 2012, 12:02 PM)
How come the latest information that I got from various bank websites are different from the info you guys sharing here?

You guys aren't getting the info from the websites? Which are the efficient ways to receive latest info from the banks?
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C.A.L.L. laugh.gif
SUSPink Spider
post May 28 2012, 01:31 PM

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QUOTE(klangite @ May 28 2012, 12:25 PM)
Luckily I deposited some money into Ambank FD early last week. Wanted to deposit more today but promotion discontinued.  mad.gif
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so many ppl rage...I'm gonna ask my friend in AmBank to read this thread laugh.gif
SUSPink Spider
post May 28 2012, 02:42 PM

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QUOTE(jasmine2001 @ May 28 2012, 02:37 PM)
JUST GET CALL FROM AMBANK, TODAY IS THE LAST DAY.
rclxub.gif
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The circular say 26 May blink.gif

My money not in yet... cry.gif
SUSPink Spider
post May 28 2012, 10:12 PM

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QUOTE(kabal82 @ May 28 2012, 10:11 PM)
What u mean by that if u dont mind me asking? hmm.gif
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RM = Relationship Manager a.k.a. Customer Service

Low cut means show longkang... brows.gif

Added on May 28, 2012, 10:14 pm
QUOTE(debbieyss @ May 28 2012, 10:09 PM)
I checked Bank Rakyat's website but didn't see any fixed deposit products advertising there.
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General Investment Account-i = Syariah/Islamic equivalent of FD laugh.gif

This post has been edited by Pink Spider: May 28 2012, 10:14 PM
SUSPink Spider
post May 28 2012, 10:24 PM

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QUOTE(kabal82 @ May 28 2012, 10:18 PM)
What's that got to do with FD? doh.gif

laugh.gif  laugh.gif  laugh.gif

Btw, their FD should be protected & insured by PIDM, rite?
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when u place FD...u sit right in front of the RM while she fill up details for u mar laugh.gif

most if not all deposit products are PIDM covered lar...except for structured deposits nod.gif
SUSPink Spider
post May 28 2012, 10:42 PM

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QUOTE(debbieyss @ May 28 2012, 10:40 PM)
This one? http://www.bankrakyat.com.my/web/guest/120

No good. Store the money there for 4-5 years baru 4.30%...
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U wan good, go for unit trust bond funds sweat.gif

FD is only to preserve...

This post has been edited by Pink Spider: May 28 2012, 10:43 PM
SUSPink Spider
post May 28 2012, 10:44 PM

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ini baru islamic FD...

http://www.bankrakyat.com.my/web/guest/125

tadi tu Personal Loan lar laugh.gif
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